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Discontinued — last reported Q4 '25

Net debt at other companies

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Sonos, Inc.SONO
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ANI Pharmaceuticals logo
ANI PharmaceuticalsANIP
-0×-2.5×
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Global Net LeaseGNL
-0.2×-0.1×
Healthcare Services Group logo
Healthcare Services GroupHCSG
-1.3×-22.6×
Global Partners logo
Global PartnersGLP
1.7×+0.2×
Ivanhoe Electric logo
Ivanhoe ElectricIE
-19.6×

Other financials

Income statement

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Revenue$69.0M-3.8%
Operating income$32.9M-3.1%
Net income$32.8M+5.6%
EPS (diluted)$1.02-1.0%

Balance sheet

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Cash & equivalents$89.1M-30.4%
Total debt$570.0K-99.8%
Total equity$1.9B-1.4%
Total assets$2.4B+1.8%

Cash flow

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Operating cash flow$56.0M+3.3%

Valuation

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Market cap$1.77B-7.9%

Profitability

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Operating margin46.8%-5.8pp
Net margin45.6%-4.7pp

Returns & leverage

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Return on equity6.3%-1.6pp
Debt / equity-0.1×

Where this comes from

Calculated from Innovative Industrial Properties, Inc.’s reported figures.

The official record: Innovative Industrial Properties, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovative Industrial Properties, Inc.'s net debt?
Innovative Industrial Properties, Inc. (IIPR) reported net debt of -$47.03M in Q4 2025.
How has Innovative Industrial Properties, Inc.'s net debt changed year-over-year?
Innovative Industrial Properties, Inc.'s net debt decreased by 132.7% year-over-year, from $143.88M to -$47.03M.
What is the long-term trend for Innovative Industrial Properties, Inc.'s net debt?
Over 5 years (2020 to 2025), Innovative Industrial Properties, Inc.'s net debt has grown at a -17.8% compound annual growth rate (CAGR), from -$124.95M to -$47.03M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.